These are all questions your advisers should be able to help you all understand and to then develop a plan to deal with these types of events in your operating agreement.Take your time and do not skimp on the set up costs.

Welcome to Bigger Pockets.I am building several houses right now in Seattle and feel to reach out or message me if you have any specific questions on land development.

Right now it is a planned unit development subdivision with 11 nice homes planned.

I have 35 years of Real Estate experience, buying, selling, rehabbing, building, developing and financing.

I was able to package those skills to other investors and worked my way into equity deals by simply providing value that they needed - development of their business systems, internet marketing expertise, knowledgeable networks and due diligence ability (analysis and research).So, it's not a question of age - it wasn't for me either.

Almost 100 miles of straight development north to southeast minus a few mountains:)

@Nick Hedberg, no, I haven't used Turnkey, but I am developing a setup Team to help me with my research and to be ready for me or my sourced Investors to pull the trigger (ie. not turnkey).Companies that specialize in selling Turnkey Properties will often/usually have the required after-market services available through them too - at their (full retail, plus admin fee) prices.

And that it's important to me that I get this right.In short: until I'm using commercial financing, the LLC is not helpful.The only place it makes sense for us is on the development-and-sale side (meaning, new construction), but that's a different story.

This allowed me to develop systems and practices that were focused on quality not commission.

In my day job, I am a corporate and securities lawyer and I frequently help real estate developers structure the legal entities they utilize for the investments and also comply with federal and state securities laws in connection with bringing on investors.